Shark Tank India Startups: Then vs Now (Part 6)

Part 5: https://youtu.be/qTmbrhVQmwk Part 4: https://youtu.be/uSa5baiFeDw Part 3: https://youtu.be/cZSTrLOrOLo Part 2: https://youtu.be/NMvB8oLiDlg Part 1: https://youtu.be/Skm1-3RNFZ8 Shark Tank India aftermath playlist: https://www.youtube.com/playlist?list=PLW_KdmQM-qwBmvhVDR2-RMT6AcrHYsDL8 Welcome to Backstage with Millionaires, hosted by Caleb Friesen. In this episode, we cover the aftermath of Shark Tank India startups Bummer, Algomage, Powertree, Altor and Bamboo India to find out how they're doing in 2025. 0:00 Intro 0:10 Bummer 1:41 Algomage (Previously PicSniff) 3:33 Powertree 4:46 Altor 6:23 Bamboo India Bummer Founded by Sulay Lavsi in 2020, Bummer is an innerwear brand focused on style and comfort. Sulay sought INR 75 lakh for a 4% stake. However, his pitch became infamous due to Ashneer Grover’s “Doglapan” remark, questioning Sulay’s investor choices. Despite the drama, Aman Gupta and Namita Thapar invested INR 75 lakh for 7.5% equity. At the time, Bummer’s monthly revenue was INR 15 lakh, relying on direct website sales. Post-investment, Bummer expanded into socks, T-shirts, and shorts, grew its revenue 8-10x, and boosted its valuation 4-5x by entering e-commerce and retail. Algomage (Previously PicSniff) Initially called PicSniff, Anand Rathi’s Algomage streamlines photo editing through AI. On Shark Tank, he pitched a photo-sharing platform but failed to impress, with sharks likening it to Google Drive. While Anupam Mittal and Aman Gupta made offers, Anand rejected them due to valuation mismatches. Despite this setback, Anand took the feedback, pivoted his model, and focused on enterprise clients like Jio, Motilal Oswal, and BookMyShow. Algomage’s revenue has grown 7-8x since its appearance, raising $600,000 in funding and currently working on a pre-Series A round. Powertree Founded by Shani Pandya and Mayank Patel in 2018, Powertree designs solar-powered solutions. Their flagship product, the Solar Powertree, was pitched in Shark Tank but failed to secure a deal. However, they took the sharks’ feedback seriously, refining their business model. Originally relying on government contracts, Powertree expanded into innovative D2C solar products like Solar Gazebo, Balcony, and Facade. Their lifetime revenue soared from INR 6 crore to INR 35 crore with a 20% net profit margin. Currently, they are raising external funding. Altor Altor, founded in 2019 by a group of friends, emerged after their friend Shamik Guha lost his life in a bike accident. Their smart helmets detect accidents and notify emergency contacts. The startup secured INR 50 lakh for 7% equity from Aman Gupta and Namita Thapar, who actively supported them post-investment. At the time of the pitch, Altor had only 100 orders and 500 pre-orders. Following their appearance, website searches spiked 300%, and they now have 25,000 pending helmet orders. Altor expanded its product line to include Sentinel (vehicle tracking and anti-theft) and Mercury (hands-free call and voice assistant). Bamboo India Founded in 2016 by Yogesh and Ashwini Shinde, Bamboo India focuses on sustainable bamboo products as alternatives to plastic. Seeking INR 80 lakh for 4% equity, they secured a better deal—INR 80 lakh for 3.5% from Anupam and Ashneer. However, they ultimately declined the investment. Instead, they leveraged Shark Tank India’s exposure for PR and valuation validation. Within 100 days of airing, Bamboo India generated INR 1.8 crore in revenue, surpassing the potential investment. Their D2C sales now make up 40% of revenue, and they’ve expanded to four manufacturing plants. Bamboo India is projected to close FY25 at INR 6 crore in revenue.